Top Hat Tips - Blog

I've been out all morning but watching events from my iphone. Yikes! I was afraid that the selling in everything else would eventually spill over into the PMs. Sure as heck it did! The question is...now what?

The Great Raid That Wasn't

By Turd Ferguson | Thursday, August 4, 2011 at 10:05 am

The Turd doesn't like being wrong. However, in this case, I don't mind so much.

Objectives Met

By Turd Ferguson | Wednesday, August 3, 2011 at 2:41 pm

As you know, I've been looking for a short-term peak in Dec gold, somewhere around 1680. I've also been looking for Sep silver to trade to a peak between 42 and 42.50. You may have noticed that this morning I simply split the difference and called for 42.25. I have intraday highs of $1675.90 in the December gold and $42.06 in the September silver. That's definitely close enough!

Sorry About That

By Turd Ferguson | Wednesday, August 3, 2011 at 10:38 am

I apologize for the site being down for a few minutes this morning. We just needed to adjust a few settings on the servers and now we're good to go.

Breathtaking

By Turd Ferguson | Tuesday, August 2, 2011 at 5:43 pm

The feeling I have today is something akin to being long crude when war flares up in the Middle East. You're making money but since its on the back of such sad and tragic news, a lot of the fun is sapped out of it.

Rational Minds Prevail

By Turd Ferguson | Tuesday, August 2, 2011 at 10:49 am

As hoped for, rational minds prevailed in the overnight trade and gold has been pushed to a new, all-time high near 1644. Apparently, guaranteeing a 20% increase in the U.S. national debt over the next two years is sufficient reason to buy more gold. Really? Ya think?